The problem is... the solution is... how fast is the crypto economy?
The more pieces of the supply chain that accept and pay in cryptos, the less of a hit the fiat collapse will cause.
The usual giant problem has been, when a currency collapses, the sellers want to sell, and the buyers want to buy, but there is no means of payment for a while. Cryptos may make this transition seem like just a bump in the road.
As any supplier can get set up with a wallet in 30 minutes (to watch ThemTube videos).
But will they? Will they hold out?
Will the big corporations try to block transactions?
Will this mean actually talking to a farmer in Africa to get rubber in America?
Now i can just send him cryptos.
Soon, we will have smart contracts that allow the guy in Africa to know payment has been put up, and that all that needs to happen is shipment and delivery to get it.
This will be an interesting time
On housing, i see nothing but deflation.
I expect in areas that houses will be free to those who will move in.
Nobody there to stop you, the owners passed away, the county office deserted.
This only speaks to the DOLLAR value of crypto and how it could be used to purchase things.
What of the governance?
And what will fill that blackhole of governance?
Crypto. DPOS. Whatever other systems are invented by then.
The truly interesting thing is when DPOS governance bleeds into actual real world decisions.